MADDEN SECURITIES Corp Sells 2,203 Shares of AeroVironment, Inc. (NASDAQ:AVAV)

MADDEN SECURITIES Corp lessened its holdings in shares of AeroVironment, Inc. (NASDAQ:AVAV) by 10.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,975 shares of the aerospace company’s stock after selling 2,203 shares during the quarter. AeroVironment accounts for approximately 1.1% of MADDEN SECURITIES Corp’s portfolio, making the stock its 25th largest position. MADDEN SECURITIES Corp’s holdings in AeroVironment were worth $2,766,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Stephens Inc. AR raised its stake in shares of AeroVironment by 23.0% in the fourth quarter. Stephens Inc. AR now owns 2,267 shares of the aerospace company’s stock worth $349,000 after purchasing an additional 424 shares during the last quarter. Stephens Investment Management Group LLC grew its holdings in AeroVironment by 40.0% during the fourth quarter. Stephens Investment Management Group LLC now owns 541,541 shares of the aerospace company’s stock worth $83,338,000 after buying an additional 154,703 shares in the last quarter. Wilmington Savings Fund Society FSB raised its position in AeroVironment by 1,515.4% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 210 shares of the aerospace company’s stock valued at $32,000 after buying an additional 197 shares during the last quarter. Golden State Wealth Management LLC bought a new position in AeroVironment during the 4th quarter valued at $31,000. Finally, Stratos Wealth Partners LTD. purchased a new position in AeroVironment during the 4th quarter worth $333,000. Institutional investors and hedge funds own 86.38% of the company’s stock.

Insider Buying and Selling at AeroVironment

In other news, CFO Kevin Patrick Mcdonnell sold 396 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $198.73, for a total value of $78,697.08. Following the sale, the chief financial officer now owns 16,472 shares of the company’s stock, valued at $3,273,480.56. The trade was a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.27% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Jefferies Financial Group upgraded shares of AeroVironment from a “hold” rating to a “buy” rating and lowered their target price for the company from $240.00 to $230.00 in a report on Wednesday, November 20th. William Blair reissued an “outperform” rating on shares of AeroVironment in a research report on Thursday, December 5th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $225.20.

AeroVironment Stock Performance

NASDAQ AVAV opened at $182.15 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.36 and a current ratio of 4.61. The company has a market capitalization of $5.14 billion, a PE ratio of 104.68 and a beta of 0.52. AeroVironment, Inc. has a 52-week low of $121.38 and a 52-week high of $236.60. The company has a 50-day simple moving average of $167.70 and a 200 day simple moving average of $186.64.

AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings results on Wednesday, December 4th. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.29). AeroVironment had a return on equity of 8.12% and a net margin of 6.39%. The company had revenue of $188.46 million for the quarter, compared to analysts’ expectations of $181.80 million. During the same quarter in the previous year, the business earned $0.97 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, research analysts predict that AeroVironment, Inc. will post 3.38 EPS for the current year.

AeroVironment Profile

AeroVironment, Inc designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally. It operates through Small Unmanned Aircraft Systems (SUAS), Tactical Missile System (TMS), Medium Unmanned Aircraft Systems (MUAS), and High Altitude Pseudo-Satellite Systems (HAPS) segments.